Lend Lease Retirement Living: Difference between revisions
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#REDIRECT [[Allity]] |
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{{Infobox company | |
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company_name = Lend Lease Retirement| |
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company_logo = <!-- Commented out: [[Image:Lend Lease Logo.svg|200px]] -->| |
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company_type = [[Strategic Business Unit]]| |
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foundation = 1992| |
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location = [[Melbourne]], [[Australia]]| |
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industry = [[Retirement]]| |
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homepage = [http://www.retirementbylendlease.com.au/ www.retirementbylendlease.com.au] |
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}} |
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'''Lend Lease Retirement''' is part of the [[Lend Lease Group]].<ref>http://www.lendlease.com/en/Group/Lend-Lease/Worldwide/About-Us.aspx</ref> |
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Lend Lease Retirement constructs, develops, owns and manages retirement villages. Lend Lease Retirement offers pre-sold developments and sells units to prospective residents and manages those facilities for a fee. With over 70 villages, Lend Lease Retirement is the largest developer, owner and operator of retirement villages in Australia and New Zealand. <ref>http://www.pc.gov.au/__data/assets/pdf_file/0004/110929/aged-care-volume1.pdf</ref> |
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The business also provides "Independent Living Units" and "Independent Living Apartments"<ref>http://www.retirementbylendlease.com.au/village-amenities-and-services/serviced-apartments</ref> to seniors which provides an independent lifestyle to residents while affording a secure location, companionship through the retirement village community and social activities and 24 hour emergency assistance.<ref>http://www.retirementbylendlease.com.au/village-amenities-and-services</ref> |
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==History== |
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The business was originally conducted under the '''Primelife''' brand. |
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On 13 August 2007 the company restructured and changed its name to Babcock and Brown Communities. |
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In 2010, Babcock and Brown was acquired by Lend Lease, with the business rebranded as ''Lend Lease Primelife''. |
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In 2011, Lend Lease moved to a single entity platform, with all business units adopting the name ''Lend Lease'' for consistency. |
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In March 2013 the business divested its aged care homes to [[Allity]], a business owned by Australian Aged Care Partners.<ref>http://blogs.wsj.com/dealjournalaustralia/2013/02/28/archer-capital-buys-lend-leases-aged-care-business/</ref> |
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==Retirement Living in Australia and New Zealand== |
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In Australia, Lend Lease Retirement villages include: |
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Australian Capital Territory |
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*Isabella Gardens, Isabella Plains |
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New South Wales |
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*Annesley Bowral, Bowral |
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*Ashton Gardens, East Maitland |
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*Brentwood Village, Kincumber |
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*Closebourne Village, Morpeth |
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*Coastal Waters, Worrowing Heights |
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*Glenaeon, Belrose |
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*Henry Kendall Gardens, Wyoming |
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*Lakeside Retirement Village, Bonnells Bay |
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*Little Bay Apartments, Little Bay |
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*Lutanda Manor, Pennant Hills |
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*Nelsons Grove, Pemulwuy |
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*Pittwater Village, Mona Vale |
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*Rochford Place, Ropes Crossing |
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Queensland |
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*Allora Gardens, Maroochydore |
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*Argyle Gardens, Bundaberg |
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*Buderim Gardens, Buderim |
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*Carlyle Gardens Mackay, Mount Pleasant |
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*Carlyle Gardens Townsville, Condon |
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*Eaglemount Retirement Resort, Mackay |
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*Hibiscus Bellflower, Sippy Downs |
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*Hibiscus Buderim Meadows, Buderim Meadows |
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*Hibiscus Chancellor Park, Sippy Downs |
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*Hibiscus Nambour, Nambour |
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*Hibiscus Noosa Outlook, Tewantin |
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*Keperra Sanctuary, Keperra |
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*The Gardens On Lindfield, Helensvale |
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*The Lakes Bundaberg, Bundaberg North |
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*The Terraces, Forest Lake |
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South Australia |
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*Elliot Gardens, Port Elliot |
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*Trinity Green, Mawson Lakes |
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*Vermont Estate, South Plympton |
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Victoria |
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*Abervale, Grovedale |
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*Burwood Terrace, Burwood |
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*Caesia Gardens, Caroline Springs |
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*Camberwell Green, Camberwell |
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*Evelyn Ridge, Mount Evelyn |
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*Fiddlers Green, Berwick |
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*Forest Hills, Nunawading |
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*Goodwin Close, Blackburn |
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*Heathglen, Werribee |
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*Highvale, Glen Waverley |
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*Koorootang Court, Mount Martha |
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*Lexington Gardens, Springvale |
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*Martha's Point, Mount Martha |
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*Meadowvale, Pakenham |
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*Peppertree Hill, Rowville |
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*Port Phillip Village, Altona |
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*Tannoch Brae, St Albans Park |
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*The Brighton On Bay, Brighton |
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*The Village Williamstown, Williamstown |
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*Viewbank Gardens, Viewbank |
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*Waterford Park, Knoxfield |
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*Waterford Valley Lakes, Rowville |
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*Woodlands Park, Berwick |
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Western Australia |
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*Harbourside Village Mindarie, Mindarie |
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*Homestay Village, Queens Park |
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*Lakeside Village, Bibra Lake |
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*Parkland Villas Booragoon, Booragoon |
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*Parkland Villas Ellenbrook, Ellenbrook |
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*Parkland Villas Mandurah, Mandurah |
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*Parkland Villas Woodlands, Woodlands |
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*The Pines, Ellenbrook |
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*Timberside Villas, Woodvale <ref>http://www.retirementbylendlease.com.au/retirement-villages</ref> <ref>http://www.iseniority.com.au/retirement_villages.asp</ref> |
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In New Zealand Lend Lease Retirement villages include: |
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New Zealand (North Island) |
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*Knightsbridge Village, North Shore City |
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*Mayfair Village, North Shore City |
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*Ocean Shores Village, Mount Maunganui |
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*Parklane Village, Forrest Hill |
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*The Peninsula Club, Whangaparaoa <ref>http://www.retirementbylendlease.co.nz/retirement-villages</ref> <ref>http://www.eldernet.co.nz/Home</ref> |
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==Outlook== |
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Retirement villages are increasingly becoming an important form of accommodation for those aged over 55, particularly for those aged 65 and older. <ref>http://www.pc.gov.au/__data/assets/pdf_file/0004/110929/aged-care-volume1.pdf</ref> <ref>http://www.pc.gov.au/__data/assets/pdf_file/0014/110930/aged-care-volume2.pdf</ref> <ref>http://www.rva.com.au/pages/about_retirement_villages/accommodation</ref> In 2001, the market penetration rate of those aged 65 and older was 3.5 per cent and by 2009 it was 5.3 per cent. <ref>http://www.pc.gov.au/__data/assets/pdf_file/0014/110930/aged-care-volume2.pdf</ref> It is estimated the rate will increase to 6.6 per cent by 2016 and 7.2 per cent by 2026. <ref>http://www.pc.gov.au/__data/assets/pdf_file/0014/110930/aged-care-volume2.pdf</ref> |
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==Financial Performance== |
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Over the 2011 and 2012 financial year resales of retirement village units grew by 22 per cent to $266 million and turnover grew by 15 per cent. Over the year, 1,007 independent living units were sold.<ref>http://lendlease2012.reportonline.com.au/annual-report/australia-0</ref> |
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{{Lend Lease Group}} |
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==References== |
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<references /> |
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==External links== |
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* [http://www.retirementbylendlease.com.au/ Lend Lease Retirement Australia] |
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* [http://www.retirementbylendlease.co.nz/ Lend Lease Retirement New Zealand] |
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* [http://www.lendlease.com/en/australia/home.aspx Lend Lease] |
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[[Category:Companies listed on the Australian Securities Exchange]] |
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[[Category:Lend Lease Group]] |
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Latest revision as of 11:38, 5 November 2022
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